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Types and Sources of Financial Aid


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To understandthe

opportunitiesof funding U.S.

highereducation.

To recognizethe wide range

of financialopportunities

To consider thechanging

mindsets of

students whoare intimidatedby the $$s.

Todistinguish

betweenstereotypesand reality


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Types and Sources of Financial AidMerit-based aid

Financial aid

*Resident Assistant*

Community volunteerism

Associations

Heritage

Gender based Scholarships e.g. Female

Students with disability

Work Study programs


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Merit-based aid A scholarship is a grant of funding, which may

take the form of a waiver of tuition and/or fees. Merit-based aid is based on achievement in a particular area;

for example, outstanding academic performance, specialtalent in sports or performing arts, community service orleadership.

Other scholarships are awarded simply to internationalstudents.


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.

Financial aid is a general term that includes all types offunding, loans, and work/study programs offered to a studentto help pay tuition, fees, and living expenses.

This need-based aid is based on the student's financial need,as documented by family income, assets, and other factors.


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Resident Assistant After your first year of study, you can apply for

employment as a resident assistant (RA) in anon-campus dormitory.

A R.A. serves as the first point of contact for students who needassistance or have questions about campus life. In return, R.A.sreceive free accommodation and sometimes a small salary and/ormeal plan.


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Community Volunteerism Volunteering in your community is highly regarded by colleges

and foundations. Think through all the work you have done and be sure to look

for scholarships that will reward it.


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Associations There are many associations that award scholarships to

students who are pursuing higher education.

Consider your field of study and look for organizations thatare relevant to your field to see if they have scholarshipsavailable.


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Heritage These scholarships are available based on

your heritage and cultural background. There are countless scholarships for people of all

backgrounds. For example, the Hellenic Times Scholarship fund students

of Greek descent. The King Faisal Foundation scholarshipMuslim students studying at North American universities.


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Gender Based Scholarships In efforts to promote equality for women, there are

organizations who give scholarships specifically to collegebound women. For example, The Jane M. Klausman

Women in Business scholarship awards funds to women fromall over the world pursuing a business-related degree.


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Disability scholarships

If you have students with a physical or learning disability,

there are scholarships available for them. Students need to take time to research organizations and

clubs who support studentswith disabilities through scholarships.


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Work study programs Current U.S. immigration regulations allow

international students to work up to 20 hours per week oncampus during their first year of study.

On-campus jobs may include working at the cafeteria,bookstore, library or health club, or within the institution'sadministrative offices.


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To ease the process of applying for merit-based scholarships,Students should list out all their accomplishments in differentcategories. For example: Volunteer work, athletic, awards and

academic achievements.

Have letters from teachers, coaches and community leadersthat state about their work and achievements.

Make sure all of these documents are certified as copies oforiginals before students send them.


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